Aluminium Scrap Prices Remain Firm in Feb

Published: Mar 16, 2023 10:11

Source: SMM

Save

In February, the overall price of SMM A00 aluminium fluctuated and fell.

SHANGHAI, Mar 16 (SMM) - In February, the overall price of SMM A00 aluminium fluctuated and fell. As of February 28, the average price was 18,330 yuan/mt, down 630 yuan/mt or 3.32% from the beginning of the month. Aluminium scrap prices in south China once grew apace and became relatively firm amid the supply tightness even though the overall prices dropped somewhat following the aluminium price trend. In detail, taint scrap prices slumped 300-500 yuan/mt, and tense scrap prices dipped 100-300 yuan/mt.

Spot Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Raw material strength supports rising costs while supply pressure accumulates [SMM Prebaked Anode Weekly Review]

11 hours ago

Aluminum Fluoride Prices Rise on Cost Support; Premium for High-Grade Supply Widens [SMM Fluoride Salt Weekly Review]

11 hours ago

ADC12 Consolidates on a Strong Note as Costs Rise and Orders See Marginal Improvement [Aluminum Scrap and Secondary Aluminum Weekly Review]

[Aluminum Scrap and Secondary Aluminum Weekly Review: ADC12 Consolidates on a Strong Note amid Rising Costs and Marginal Order Improvement] In terms of price spreads, on September 10, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was about 2,436 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap was about 1,415 yuan/mt, both widening slightly again WoW. On the supply side, the tight raw material supply pattern remained unchanged, and the scarcity of compliant, invoiced aluminum scrap continued to rise, constraining scrap utilization enterprises' operations and procurement. Against this backdrop, some aluminum scrap yards...

11 hours ago